Chase Bank, a subsidiary of US banking giant JP Morgan has just teamed up with FCF Pay, a Canadian blockchain payment service provider to offer their customers a payment alternative for credit card bills, loans, and mortgage payments using crypto.
This move brings Chase Bank to the list of financial institutions that are exploring the integration of digital currencies into their services.
Under this new partnership, Chase Bank customers can make payments using a variety of popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), Ripple (XRP), Dogecoin (DOGE), Binance Coin (BNB), as well as stablecoins such as Tether (USDT) and USD Coin (USDC).
While it may seem like Chase Bank is fully accepting cryptocurrencies, it’s important to note that their stance on crypto hasn’t changed. FCF Pay only assists with crypto payments on behalf of customers, but the final payment to Chase Bank is made in fiat currency via an off-ramp. This ensures Chase Bank continues to operate within the traditional financial framework.
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